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Nov 20, 2012
11/12
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they'll present ideas to president obama and talk to lawmakers next week. reports suggest the democratic plan is expected to include letting the bush era tax cut xs fi expire for people who make more than $250,000 a year. they complain democrats aren't gaining ground on cuts to entitlement programs like medicare and social security. and jachlt p morgan has made big changes at the top. it's named a cfo. marian lake. she's currently the cfo of jpmorgan and he retail banking unit. lake will report directly to jamie dimon. jpmorgan stock in frankfurt 1.2% up. and the twinkie gets a stay of execution. they will intermediaenteinterme its striking workers. the kcompany have announced on friday it was shutting down. this after union walked off the job the week before. now the judge says he wants to try everything in order to save around 18,000 jobs. we'll take a short break. still to come, is france losing its va-va-voom? hear what the finance minister told cnbc after s&p cut the country of its aaa rating. [ female announcer ] e-trade technology can help make you a
they'll present ideas to president obama and talk to lawmakers next week. reports suggest the democratic plan is expected to include letting the bush era tax cut xs fi expire for people who make more than $250,000 a year. they complain democrats aren't gaining ground on cuts to entitlement programs like medicare and social security. and jachlt p morgan has made big changes at the top. it's named a cfo. marian lake. she's currently the cfo of jpmorgan and he retail banking unit. lake will report...
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Oct 4, 2012
10/12
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coming up next, find out why applied materials is chipping away at it workforce. >>> romney and obama spar over the economy with the presidential challenger coming out swinging. the ecb seeing holding steady on rates when central bankers meet today. spain sees yields fall as the finance minister tries to drum up interest in the country's bad bank. >>> in an interview with swiss paper, it was conceded swa it tz would struggle to reach its target. while it pledges it future to its home country, fiat could be doing the opposite. in an interview, the ceo says the firm won't be launching any new molds in italy before 2014. and says the firm has stopped investing in italy and would have gone bankrupt if it had pressed ahead with plans to renovate in that country. applied materials plans to cut between 900 and 1300 jobs. that's 6% to 9% of its workforce. the chip equipment maker has been struggling with lower sales. it hopes to achieve most of the cuts through retirement packages. stock trading down today in the german listing. this is a three month chart. over that period, down by over 3.5%
coming up next, find out why applied materials is chipping away at it workforce. >>> romney and obama spar over the economy with the presidential challenger coming out swinging. the ecb seeing holding steady on rates when central bankers meet today. spain sees yields fall as the finance minister tries to drum up interest in the country's bad bank. >>> in an interview with swiss paper, it was conceded swa it tz would struggle to reach its target. while it pledges it future to...
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Feb 28, 2012
02/12
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economic adviser to president obama will join us as our guest host for the next hour. so if you have any questions, send your e-mail to worldwide@cnbc.com or on twitter. >>> welcome to the show. the headlines from around the globe this morning, $6.5 billion, the price morgan stanley says it will have to pay if moody's follows through on warnings to down grade the bank. >> investor confidence in europe gets tested ahead of the second ltro. auction results from italy. they're selling more than 6 billion euros worth of debt. greece in selective default. the s&p becomes the second agency to down grade their ratings after athens launches its debt swap with private investors. >>> hand set makers unveiled their latest smart phones, of course, at the mobile world congress in barcelona. we'll speak to the ceo of turkk cell up next. >>> welcome to the second half of "worldwide exchange." if you're just joining us from the united states, a very good morning to you. economic sentiment up to 94.4 in february. slightly stronger than expected. industrial climate minus 5.8 versus revi
economic adviser to president obama will join us as our guest host for the next hour. so if you have any questions, send your e-mail to worldwide@cnbc.com or on twitter. >>> welcome to the show. the headlines from around the globe this morning, $6.5 billion, the price morgan stanley says it will have to pay if moody's follows through on warnings to down grade the bank. >> investor confidence in europe gets tested ahead of the second ltro. auction results from italy. they're...
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Mar 21, 2012
03/12
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a candidate's ability to beat president obama was most important. up next, of course, the louisiana primary is on saturday, so we'll be watching that very closely. and president obama kicks off a four-state tour today to promote his energy policies. he visits las vegas, nebraska, and carlsbad today. republicans have been highly critical of the white house in recent weeks for failing to provide consumers with some relief at the gas pump. chloe. >>> the chairman of petroleum industry says he welcomes the government's interest. it's said a bigger issue that one has to deal with sanctions proposed by the european union remains unresolved. japanese companies usually purchase local insurance for crude shipments, but a big chunk of such insurance is sold in european markets. if they cease buying, this will pose serious problems. >> coming up next on the show, we look ahead to the trading day on wall street and ben bernanke and tim guieithner get set to testify before the house oversight committee. stay with us. >>> good morning and welcome back. if you're
a candidate's ability to beat president obama was most important. up next, of course, the louisiana primary is on saturday, so we'll be watching that very closely. and president obama kicks off a four-state tour today to promote his energy policies. he visits las vegas, nebraska, and carlsbad today. republicans have been highly critical of the white house in recent weeks for failing to provide consumers with some relief at the gas pump. chloe. >>> the chairman of petroleum industry...
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Nov 5, 2012
11/12
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coming up next, we'll also get the latest read on the uk economy, services data for october. it's due just after the break. >>> down to the wire with just one day to go before the election, president obama, mitt romney make one last mad dash to rally supporters. polls show them in a virtual tie. >> china's communist party is reportedly probing allegations that wen's family has amassed a giant fortune after wen himself asked for an investigation. >> and hsbc reveals it's setting aside another $1.5 billion to cover a fine related to money laundering sending shares lower. they also had an extra amount set aside for ppi charges, as well. service sector pmis, 50.6. lower than the expected 52. lowest since december 2010. the business expectations pm i-65.3, lowest since june. and the composite pmi output index as a result down. growing at the slowest paces in almost two years and on tptimis waning, as well. so combine that with the manufacturing data last week, basically contrasts with the economic k3 panks in the third quarter and also fairly recent upbeat retail figures, as well.
coming up next, we'll also get the latest read on the uk economy, services data for october. it's due just after the break. >>> down to the wire with just one day to go before the election, president obama, mitt romney make one last mad dash to rally supporters. polls show them in a virtual tie. >> china's communist party is reportedly probing allegations that wen's family has amassed a giant fortune after wen himself asked for an investigation. >> and hsbc reveals it's...
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Feb 9, 2012
02/12
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president barack obama next tuesday. >>> and some earnings to tell you about this time from the world's number two pc maker lenovo group are reporting numbers that beat market expectations. the company's profit surged 54% versus a year earlier while revenue rose 44% in the same period. however, growth was sluggish for the third consecutive quarter. the highlight of a crisis in europe and a shortage of hard disk drives as key challenges for the global pc secotor. ross? >>> and corporate news here, shares in credit suisse today are trading down, just under 2% lower. the banking giant has fallen into the red in the fourth quarter, recording a loss of over 1 billion swiss francs. it had been expected to of 430 million. that loss of 637 for the quarter, credit suisse said its cost cutting program is on track and that it had cut its 2011 executive compensation by almost 30%. daimler is one of the standout stocks in europe, its shares up over 4%. the owner of mercedes-benz hiked after profit forecasts. the maker says that it expects vehicle sales to rise significantly this year adding that it
president barack obama next tuesday. >>> and some earnings to tell you about this time from the world's number two pc maker lenovo group are reporting numbers that beat market expectations. the company's profit surged 54% versus a year earlier while revenue rose 44% in the same period. however, growth was sluggish for the third consecutive quarter. the highlight of a crisis in europe and a shortage of hard disk drives as key challenges for the global pc secotor. ross? >>> and...
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Mar 13, 2012
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still to come on the show, president obama defends his policies but americans are still feeling the pain at the pump. we're going to head out to the international energy forum in kuwait next and find out what's on the world's oil ministers' minds. what do they have to say about the rising prices? up next. >>> i think the american people understand that we don't have a silver bullet when it comes to gas prices. but they're hurting right now. every time you fill up. and so what i've instructed my team to do, looking at every single thing we can do, ultimately, though, the single most important thing is reduce our dependence on foreign oil. >>> president obama argues the u.s. has become less dependent on foreign oil showing the volume being imported fell significantly last year. rising gas prices are proving to be the biggest potential campaign killer for the president in the run-up to the november elections. a poll by "the washington post" and abc showed that two-thirds of people are dissatisfied with obama's handling of rising gas prices. >>> and over in kuwait, oil ministers are convenin
still to come on the show, president obama defends his policies but americans are still feeling the pain at the pump. we're going to head out to the international energy forum in kuwait next and find out what's on the world's oil ministers' minds. what do they have to say about the rising prices? up next. >>> i think the american people understand that we don't have a silver bullet when it comes to gas prices. but they're hurting right now. every time you fill up. and so what i've...
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Jun 28, 2012
06/12
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details next. >>> welcome to "worldwide exchange". this morning. i'm kelly evans. >> i'm ross westgate. >>> european stocks are down ahead of a crucial meeting of european leaders in brussels. german unemployment jumped. >> the fate of president obama's health care reform is expected to be decided today. the supreme court will vote on whether the new rules are constitutional. >> second largest ipo has soared on its market debut in malaysia. >> jpmorgan's trading loss could total $9 billion. four times as much as the bank had originally estimated. >>> good morning to our u.s. viewers who may be tuning in. let's look how futures are pointed. it's a red day in markets. we got the dow slated to open lower by 70 points. nasdaq pointed lower by 1 or 13 and s&p 500 by seven or eight points. not surprising given the tone we've seen across global trading. ftse 300 has weakened in the last little while down .1% after trying to find some gains this morning. of course comes ahead of a crucial meeting of eu leaders. it would seem given we won't have many detail
details next. >>> welcome to "worldwide exchange". this morning. i'm kelly evans. >> i'm ross westgate. >>> european stocks are down ahead of a crucial meeting of european leaders in brussels. german unemployment jumped. >> the fate of president obama's health care reform is expected to be decided today. the supreme court will vote on whether the new rules are constitutional. >> second largest ipo has soared on its market debut in malaysia. >>...
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Oct 19, 2012
10/12
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monday is the next debate and i'll be state side. so i'll be there. >>> it's 25 years since black monday. kelly was about that big. we'll look at what was behind that crash and whether something like it could ever happen again. >>> well come to "worldwide exchange." these are your headlines. worst may be over. come to "wor exchange." these are your headlines. worst may be over.come to "worl exchange." these are your headlines. worst may be over. leaders sounding confident but still lots of questions of oversight and recapitalization. >> and google continues to move lower in european trade after looking $22 billion in market cap on wall street. the search engine shocks investors are earnings are released hours ahead of schedule. and missed forecasts. >>> microsoft gets set to launch windows 8. >> and sony plans to cut 2,000 jobs in japan through an early retirement program. >>> not a ton of movement. dow looking to shed about 8. nasdaq one to keep an eye on, it's not showing too much of a rebound. opening down perhaps ten points. and
monday is the next debate and i'll be state side. so i'll be there. >>> it's 25 years since black monday. kelly was about that big. we'll look at what was behind that crash and whether something like it could ever happen again. >>> well come to "worldwide exchange." these are your headlines. worst may be over. come to "wor exchange." these are your headlines. worst may be over.come to "worl exchange." these are your headlines. worst may be over....
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Sep 5, 2012
09/12
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we'll ask john harwood next. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to the program. there's lots of buzz this morning about a leaked report from the troika suggesting they might impose a six-day work week on greece as a condition of the country's bailouts. we've been asking viewers what they think about this move. jeff tweets in to say, a six-day work week isn't fair. don't punish workers for their government's mismanagement and stupidity. the troika should impose a 70-hour work week on greece to make up for what he says is s t centuries of lacking. >>> you can e-mail us at worldwidecnbc.com or tweet us. this is an issue that's going to stay, keeping people's mind busy all wee
we'll ask john harwood next. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to the program. there's lots of buzz this morning about a leaked report from...
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Oct 11, 2012
10/12
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or mitt romney during their next public debate on tuesday to see you critics claim the stunt threatens to derail the seriousness of the debate to see you sausage or pepperoni to see you. >> by the way, is sausage that popular of a topping? i could see cheese or pepperoni to see you what's interesting is you can either take a free pizza a week for 30 years or get $15,600 in cash to see you that works out to $10 is pizza which is roughly the price today to see you. >> take the cash to see you. >> no, you should actually take the pizza if you expect any inflation to see you if you expect any price inflation for a pizza, you'd be better off taking the pizza than the $16,600 to see you. >> jonathan tepper has walked out of this discussion he's so bored of whether it's -- he's gone to see you. >> i think pizza hut is calling the federal reserve's bluff to see you. >> take the cash and invest it in a growing asset to see you which wouldn't be fixed income to see you. >> or anything else out there to see you. >> you could find a nice corporate yielding you 5%, 6% to see you. >> or start a pizz
or mitt romney during their next public debate on tuesday to see you critics claim the stunt threatens to derail the seriousness of the debate to see you sausage or pepperoni to see you. >> by the way, is sausage that popular of a topping? i could see cheese or pepperoni to see you what's interesting is you can either take a free pizza a week for 30 years or get $15,600 in cash to see you that works out to $10 is pizza which is roughly the price today to see you. >> take the cash to...
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Oct 16, 2012
10/12
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goldman is up next this morning. and the euro is trading higher after sentiment ticked up in october. >>> some shareholders wants to oust hooley. they're frustrated with the stock price and pace of cost cuts. they want new blood. last year nelson pelt sai peltz company should sell its asset management business. state street reports before the open take. and new york fed has sent thousands of libor related documents to congress in a second round aimed at showing the central bank took action to try to fix problems with the rate setting program. the house financial services committee has been investigating after the fed responded when it became aware big global banks were manipulating libor. latest documents include internal communications to the new york fed and e-mails and transcriptses betwe between thed uk regulators. >> starbucks coffee brewer will go on sales take. the company hopes to grab a share of the single serve coffee segment. meanwhile according to a reuters report, starbucks has been avoiding paying taxes
goldman is up next this morning. and the euro is trading higher after sentiment ticked up in october. >>> some shareholders wants to oust hooley. they're frustrated with the stock price and pace of cost cuts. they want new blood. last year nelson pelt sai peltz company should sell its asset management business. state street reports before the open take. and new york fed has sent thousands of libor related documents to congress in a second round aimed at showing the central bank took...
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Dec 28, 2012
12/12
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we'll head to washington next. >>> welcome back to "worldwide exchange." >> president obama calls congressional leaders to the white house in what could be the last chance to restart talks before the u.s. falls off the fiscal cliff next week. >>> a lackluster trading week of the year, but european equity markets are setd to post double digit earns for 2012. >>> and italy sold 6 billion ur he rows of longer dated paper. >>> and japan says other countries have no right to lecture japan on its currency policy. instead, calling for the u.s. to seek a stronger dollar. >>> let's check in on futures again and see if i can get the math right this time. dow jones industrial is poised to shed about 50 points at the open. similar declines with the nasdaq and the s&p 500. this would continue a string of lows which we've seen over the last four trading sessions. better than 2% of a drop for the nasdaq, which is also down about .8% for the month of december. so not much of a santa rally there and not much time left to make it up. take a quick look at what's been happening across the globe. the cnbc ftse 300
we'll head to washington next. >>> welcome back to "worldwide exchange." >> president obama calls congressional leaders to the white house in what could be the last chance to restart talks before the u.s. falls off the fiscal cliff next week. >>> a lackluster trading week of the year, but european equity markets are setd to post double digit earns for 2012. >>> and italy sold 6 billion ur he rows of longer dated paper. >>> and japan says other...
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Sep 6, 2012
09/12
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he made a strong defense of president obama's economic record. did he though go far enough to convince undecided americans to give the current commander in chief another four years on the job? we'll head down to charlotte, north carolina, for a view next. >>> welcome back to the program. as we get closer to the start of the u.s. trading session, let's see how futures are positioned. for the most part green arrows. dow jones set to start higher by 85 points. 19 for the nasdaq at 11 points for the s&p 500. now delegates at the dnc were up late last night officially nominating president obama to his second term just after midnight. the roll call came after former president bill clinton gave a stirring speech appealing to americans to stick with obama. he said many people don't yet feel things are improving but he proclaims we're coming back from the worst economic situation in generations. >> when we vote in this election we'll be deciding what kind of country we want to live in. if you want a winner take all, you're on your own society, you should
he made a strong defense of president obama's economic record. did he though go far enough to convince undecided americans to give the current commander in chief another four years on the job? we'll head down to charlotte, north carolina, for a view next. >>> welcome back to the program. as we get closer to the start of the u.s. trading session, let's see how futures are positioned. for the most part green arrows. dow jones set to start higher by 85 points. 19 for the nasdaq at 11...
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Jun 29, 2012
06/12
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first quarter. >>> president obama's health care reform act has been upheld by the u.s. supreme court. five of the nine justice ruled in favor of the bill and backed the core requirement that all americans buy insurance or pay a fine. the president described the ruling as a victory for people across the country but republicans are vowing to push for a repeal of the act. joining us now nor is the senior vp and national practice leader of the health and legal benefits gro group. first to you j.d., what are the practical implications of this ruling? >> well, i think for employers this is a status quo decision. there's going to be a need for guidance from the government on a lot of those issues very quickly. but i think longer term aside from the compliance strategy there's the whole question of the health care strategy. compliance helps the trains run on time but health care strategy knows where they are going. employers have to know where they are going in trying reduce hearth costs because there are very few employers who are looking to the government bail them out of the
first quarter. >>> president obama's health care reform act has been upheld by the u.s. supreme court. five of the nine justice ruled in favor of the bill and backed the core requirement that all americans buy insurance or pay a fine. the president described the ruling as a victory for people across the country but republicans are vowing to push for a repeal of the act. joining us now nor is the senior vp and national practice leader of the health and legal benefits gro group. first to...
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Oct 5, 2012
10/12
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next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the good news is that that
next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that...
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Dec 18, 2012
12/12
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first, though, president obama has made a new offer to house speaker john boehner as they try to avoid the fiscal cliff. the two met for 45 minutes on monday and are expected to talk again today. this would cut spending by $1.2 trillion over the next decade. the president is now reportedly seeking to extend the bush era tax cuts for everyone making below $400,000 and that's up from the previous threshold of $250,000. he's proposed to use the chained cpi for social security benefits. and italian lawmakers begin debating next year's proposed budget later today. despite calls for him to stay on, prime minister mario monti has said once the budget is passed, he will resign. 61% of italians are against him running for a second turn. meanwhile, sylvia berlusconi promised yesterday if he's voted back in, he'll reverse some of monti's policies. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in ai
first, though, president obama has made a new offer to house speaker john boehner as they try to avoid the fiscal cliff. the two met for 45 minutes on monday and are expected to talk again today. this would cut spending by $1.2 trillion over the next decade. the president is now reportedly seeking to extend the bush era tax cuts for everyone making below $400,000 and that's up from the previous threshold of $250,000. he's proposed to use the chained cpi for social security benefits. and italian...
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Nov 14, 2012
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back to you. >>> president obama gets more input today on how to tackle the fiscal cliff. he'll meet with several ceos this afternoon with a press conference at 1:30 p.m. eastern. the group includes the heads of american express, xerox, ge, and honeywell. the white house says he'll call for $1.6 trillion in tax hikes on businesses and wealthy americans, more than republicans are likely to accept. speaking at a "wall street journal" event tuesday, tim geithner warned congress against delaying a solution to the fiscal crisis. >> if you say again, as we've had to do before, because there was no alternative, we're going to extend and delay, what gives people confidence that people have to negotiate this will come to the table and negotiate? they always believe they can just extend again. i know the cliff is unattractive. it would cause a lot of damage to the american economy. that damage is imminently avoidable. not that complicated to solve. >> hmm, not that complicated. not so sure. just as one leadership transition is behind us -- oh, i should mention before we move on to t
back to you. >>> president obama gets more input today on how to tackle the fiscal cliff. he'll meet with several ceos this afternoon with a press conference at 1:30 p.m. eastern. the group includes the heads of american express, xerox, ge, and honeywell. the white house says he'll call for $1.6 trillion in tax hikes on businesses and wealthy americans, more than republicans are likely to accept. speaking at a "wall street journal" event tuesday, tim geithner warned congress...
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Oct 12, 2012
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they don't know how they can com by with obama care and all those regulations. they don't know how they can comply withed to frank. they don't know how they are really going to make their business grow, so they're holding back their money. i don't know about foreign countries. they're holding back their money because they have an uncertain environment because of policies by this administration. >> and the federal reserve? >> and of course the federal reserve. how many times are we going to ease? does that small businessman in arizona have free money? no, he doesn't. he or she doesn't. so i think that's wrong. it's fine for jamie dimon to have free money, but why shouldn't other sectors? >> so senator mccain criticizes the fed, blames to some extent for the economy's poor performance. what's your view? >> the fed hasn't had that many policy choices. obviously they can't lower interest rates any further. the real sense is to say what else would you have done. you could have just not done the quantitative easing. none of us knows what would have happened to the u.s
they don't know how they can com by with obama care and all those regulations. they don't know how they can comply withed to frank. they don't know how they are really going to make their business grow, so they're holding back their money. i don't know about foreign countries. they're holding back their money because they have an uncertain environment because of policies by this administration. >> and the federal reserve? >> and of course the federal reserve. how many times are we...
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Feb 6, 2012
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we'll discuss it all up next. >>> welcome to the show. thank you for joining us. here are the headlines we're following today. president obama says it could be very risky to launch a military strike against iran saying a diplomatic end to the nuclear sta standoff in the persian gulf. >>> in europe greece says there is no deadline today for them to agree to the terms of a second bailout as talks of the troika continue and europe's top banking regulator hints that banks are on the right track with their plans to raise capital. they say the majority of outlined measures are in line with the authority's requirements. >>> and the ten-week market rally looks to roll on this week thanks to momentum from friday's better than expected jobs report. >>> it's nice to have you here joining us on "worldwide exchange" wherever you are this morning, this evening, or this afternoon around the world. a look at how futures are doing ahead of the u.s. market open. it looks as if we've improved since our last check. the dow jones futures down about 57 points. the s&p down 8 1/2. the n
we'll discuss it all up next. >>> welcome to the show. thank you for joining us. here are the headlines we're following today. president obama says it could be very risky to launch a military strike against iran saying a diplomatic end to the nuclear sta standoff in the persian gulf. >>> in europe greece says there is no deadline today for them to agree to the terms of a second bailout as talks of the troika continue and europe's top banking regulator hints that banks are on...
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Apr 16, 2012
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in fact they would like to raise about $1.4 trillion from the rich over the next decade. that would make a huge tent in the deficit. >> but isn't the real problem here, because all of these numbers about how much money will be raised is based on what is called in washington, d.c. static scoring. which is to say it assumes that everybody continues to make the same amount of income despite the higher tax rate and they continue to happily pay it over. so much of that income is actually generated from capital gains which if you choose not to realize the capital gain, you don't pay the taxes at that time. actually taxes on capital gains lose revenues and these cal could you ha lagss are pure fantasy on the part of washington statisticians. >> the $47 billion estimate assumes that fewer capital gains will be realized. and you can go back and look at various treasury studies and the conclusion is that about 28% is the tax rate where wealthier people will stop realizing gains. that's the rate that will maximize the amount coming this to the treasury. so in fact when they estimate
in fact they would like to raise about $1.4 trillion from the rich over the next decade. that would make a huge tent in the deficit. >> but isn't the real problem here, because all of these numbers about how much money will be raised is based on what is called in washington, d.c. static scoring. which is to say it assumes that everybody continues to make the same amount of income despite the higher tax rate and they continue to happily pay it over. so much of that income is actually...
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Aug 13, 2012
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>> exactly what's going to happen next is hard to tell. but to me, it tells us that the market is voting for obama, much to people's dismay on wall street. i think wall street expects republicans to be much better, but this whole market pattern here is part of a positive presidential election pattern where the market does much better when incoming presidents win. >> walk me through this for a second. so the action that we've already seen as related to people spending that obama is going to stay in office? >> it's a vote, you know, with the dow jones industrial or the s&p 500 that the obama administration has done okay. this is a market that is pushing up a new recovery high here and this is telling me that the job he has done has been acceptable enough or that the job on the other side is appealing. >> it's one thing for markets to offer more appeal. it's another for them to be pointing to his re-election. so are you saying that it's the former or are both things happening here? >> both things. you look at the chart pattern of, you know, i
>> exactly what's going to happen next is hard to tell. but to me, it tells us that the market is voting for obama, much to people's dismay on wall street. i think wall street expects republicans to be much better, but this whole market pattern here is part of a positive presidential election pattern where the market does much better when incoming presidents win. >> walk me through this for a second. so the action that we've already seen as related to people spending that obama is...
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Dec 7, 2012
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next year we will do one of our existing mac lines in the united states. >> let's say barack obama called you in tomorrow and said get everybody out of china and do whatever you have to do, make these, make everything you make in the united states, what would that do to the price of this device? >> honestly, it's not so much about price, it's about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. >> how do we get that back? >> it's a concerted effort to get them back. and with this project that i've talked about where we do a mac in the united states next year, i think this is a really good another step for us. consumer electronics world was never really here. so it's a matter of starting it here. >> thanks for joining us here. >> while steve jobs liked to avoid the spotlight, he also thrived on it. it was as if he was selling products that were pieces of his own soul. he was inventor, pitch man and new wave pied piper all in one. tim cook is just a different guy. while he believes in the all mighty product just as much. >>
next year we will do one of our existing mac lines in the united states. >> let's say barack obama called you in tomorrow and said get everybody out of china and do whatever you have to do, make these, make everything you make in the united states, what would that do to the price of this device? >> honestly, it's not so much about price, it's about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. >> how do we get...
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Sep 4, 2012
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i'm not completely convinced he will do that on -- in the next fed meeting, he may delay. the whole issue of that and presidential elections, whether he should do it now because otherwise he'll be seen as being just trying to help obama in the election. >> if he doesn't do it now, then you can't do anything now until january. >> january, yeah. that will be a long delay. on balance you think he will act if he has support -- >> that's the question. that's why steve's interview with lockhart was fascinating. he sits in the middle and he's a swing vote. and heed this is a very clear call. he's the swing vote. we don't know, do we? >> i think -- i'm sure bernanke will not decide on the basis of his own position. clearly, if mitt romney wins the election, mr. bernanke will be out of office, and he'll probably be out of office anyway because he's had his run. he probably says, i have nothing to lose. my research of great depressions shows the fed has to act sufficiently to do it. if that will be a sufficiently persuasive factor -- >> what's your call for jobs number friday? >> wh
i'm not completely convinced he will do that on -- in the next fed meeting, he may delay. the whole issue of that and presidential elections, whether he should do it now because otherwise he'll be seen as being just trying to help obama in the election. >> if he doesn't do it now, then you can't do anything now until january. >> january, yeah. that will be a long delay. on balance you think he will act if he has support -- >> that's the question. that's why steve's interview...
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Apr 18, 2012
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. >>> coming up on the show, mitt romney hits on obama's economic policies and says no to qe3. we'll discuss romney's rhetoric next. >>> let's get some final thoughts from our guest host simon grose-hodge. simon, before we palette you go, you say japan is a trading buy. why optimistic on japan. >> we think they're markets you should be buying into with the recent dip we've seen. the bank of japan is on a huge pressure and we thing that policy easing is coming through. that's going to lead to a significant week again. that's going to be a good boost to the exporting section and that will help the nikkei. also if you look at the earnings, while everyone's concentrating on it, japanese companies are coming out with very strong earnings. the equity market is still relatively cheap so we think there's the potential to g up 10% or 12%. we realize japan ends up being a fris stratsing investment. it's quite an interesting market. >> it's interesting to make it go from 85 to 86. what is going to drive the currency to the level we're talk about the. >> the fact that we're going to get a
. >>> coming up on the show, mitt romney hits on obama's economic policies and says no to qe3. we'll discuss romney's rhetoric next. >>> let's get some final thoughts from our guest host simon grose-hodge. simon, before we palette you go, you say japan is a trading buy. why optimistic on japan. >> we think they're markets you should be buying into with the recent dip we've seen. the bank of japan is on a huge pressure and we thing that policy easing is coming through....
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Feb 1, 2012
02/12
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up next, the nevada caucus on saturday. richard harris is still with us. how much a distraction is the u.s. presidential election, richard? >> well, the u.s. presidential election is always a distraction. but actually, probably quite a welcome one because we are talking certainly last year about confidence in the economy. if you've got a distraction like this that takes away some of the worry about the economy, i think that's important. we're seeing quite a bit of good news coming out from the economy, but as you saw with the announcement there, patches on the u.s. economy are weak still. but it's the old adage that if 80% of the people feel okay, 20% of the people are in trouble, then confidence is usually fine. it's been confidence that's hit by the 80%. so i think the president election will probably mean that confidence and sentiment will stay reasonably comfortable in the u.s. this year. >> yeah. and do you think that the uk economy is going to perform better than many were predicting at the beginning of the year? and there is this projection that tha
up next, the nevada caucus on saturday. richard harris is still with us. how much a distraction is the u.s. presidential election, richard? >> well, the u.s. presidential election is always a distraction. but actually, probably quite a welcome one because we are talking certainly last year about confidence in the economy. if you've got a distraction like this that takes away some of the worry about the economy, i think that's important. we're seeing quite a bit of good news coming out...
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Dec 14, 2012
12/12
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president obama gets ready to unveil his next pick for treasury secretary. >>> and voters head to the polls for their first vote in egypt's constitutional referendum. we'll take a look at the possible outcomes a little later in the program. >>> welcome back to the program. greek lawmakers have submitted a long awaited bill to curb taxation. this law is further towards complying to satisfy financial critters in receipt of aid. the move comes after eu leaders reached the deal to agree on ecb banking supervision rules for the block and bailout agreements for athens. leaders are set to spar over who pays for what. sill veer ya has been braving brussels for us all week following the latest. silvia, it sounds like the old divide between north and south is still at play here. sylvia, are you with us? can you hear us? i think sylvia lost her sound there so we'll come back out to her in just a second. if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's s
president obama gets ready to unveil his next pick for treasury secretary. >>> and voters head to the polls for their first vote in egypt's constitutional referendum. we'll take a look at the possible outcomes a little later in the program. >>> welcome back to the program. greek lawmakers have submitted a long awaited bill to curb taxation. this law is further towards complying to satisfy financial critters in receipt of aid. the move comes after eu leaders reached the deal to...
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Nov 12, 2012
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and president obama will get a lot of input this week from u.s. business, labor and civic leaders on how to tackle the looming fiscal cliff before he sits down with house and senate leaders on friday. no bond markets in the u.s. trading today because of veterans day holiday. european stock after losses of 2% or more last week are pretty flat as we start the trading week here. cac 40 down a third, ibex down a half, ftse flat. bond markets, yields lower in germany and the uk, slightly higher in spain. 5.8% italian yields on the 5% mark. euro-dollar hugging the 1.27 level at the moment. elsewhere fairly muted. sterling slightly weak against the greenback. so the greek parliament has approved the country's 2013 us a terry budget. p this was last night in a move lawmakers hope will unlock the next tranche of bailout money, but european officials including schaeuble saying its he unlikely eu ministers will agree to sign off on the aid at the meeting later today in brussels. and from where we are joined by our veteran brussel supporter, silvia wadhwa. wh
and president obama will get a lot of input this week from u.s. business, labor and civic leaders on how to tackle the looming fiscal cliff before he sits down with house and senate leaders on friday. no bond markets in the u.s. trading today because of veterans day holiday. european stock after losses of 2% or more last week are pretty flat as we start the trading week here. cac 40 down a third, ibex down a half, ftse flat. bond markets, yields lower in germany and the uk, slightly higher in...
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Feb 17, 2012
02/12
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regime will probably not be an obama. i really don't want to but some mechanism of trade protection. >>> david, this is christine. the and on the topic of trade, a lot of people are saying china will rebalance the economy. are you of the opinion that china can avoid a hard landing this year? >> i think even if it did have a hard landing, it'll still bounce off the hard landing and recover like a cat. so the issue is the hard landing, does it stop the march of china and, no, i don't think it does. nations in this particular phase are incredibly resilient. i suspect they will avoid a hard landing, as it happens. even if they do, i don't think that changes their growth and their challenge. it has a huge momentum to it and we wish to project our western failures and our inability to make our economy grow into their situation. it's a different paradigm and we're the last people to make effective commentary on their potential growth. >> david, there's one thing a lot of people are not talking about in china and it's local gover
regime will probably not be an obama. i really don't want to but some mechanism of trade protection. >>> david, this is christine. the and on the topic of trade, a lot of people are saying china will rebalance the economy. are you of the opinion that china can avoid a hard landing this year? >> i think even if it did have a hard landing, it'll still bounce off the hard landing and recover like a cat. so the issue is the hard landing, does it stop the march of china and, no, i...
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Nov 29, 2012
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president obama and congress make positive comments about avoiding fiscal cliff. rio tinto plans to rein in spending by $7 billion over the next two years but still promises to beef up iron ore output. the bank of england governor prepares to unveil his financial stability report. and the search is on for the lucky winners of the power ball lottery as two tickets matched all the numbers in the record $580 million drawing. u.s. futures, dow jones trying to grab back the 13 thurks level by opening higher this morning. 68 points for the time being. nasdaq and s&p also give you sense of the sharp risk.morning. 68 points for the time being. nasdaq and s&p also give you sense of the sharp risk.opening. 68 points for the time being. nasdaq and s&p also give you sense of the sharp risk. global 300 up half a percent and we rarely see it move that much. ibex 35, up 1.3%. pretty much a mirror image of yesterday. even the cac 40 up better than 1%. xetra dax adding 0.7%. the ftse 100 up 0.9%. this one supported both by banks and by miners. rio tinto adding more than 4% this mo
president obama and congress make positive comments about avoiding fiscal cliff. rio tinto plans to rein in spending by $7 billion over the next two years but still promises to beef up iron ore output. the bank of england governor prepares to unveil his financial stability report. and the search is on for the lucky winners of the power ball lottery as two tickets matched all the numbers in the record $580 million drawing. u.s. futures, dow jones trying to grab back the 13 thurks level by...
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Jan 31, 2012
01/12
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tensions are rising as the white house prepares for a visit by the man who is expected to be china's next leader. "the new york times" says a dprup of unions, democratic politicians, and trade groups are urging the obama administration to file a series of cases against china in the auto industry. they say china unfairly subsidizes local autoparts makers and restricts exports of crucial raw materials. it comes ahead of a visit by the vice president in two weeks who is expected to succeed president jintao. >>> florida residents will start voting in the state's presidential primary. polls show mitt romney is opening a comfortable double digit lead over newt gingrich who just a week ago was the front r front-runner. a majority of those surveyed say romney is the better candidate to fix the u.s. economy. gingrich isn't giving up yet. he's vowing to fight on until the republican convention in september. >> let's get a thought on this from david. i don't know if i'd say this -- well, we are in the states. how much of a distraction is the u.s. election? >> it is a it distraction and it's importan
tensions are rising as the white house prepares for a visit by the man who is expected to be china's next leader. "the new york times" says a dprup of unions, democratic politicians, and trade groups are urging the obama administration to file a series of cases against china in the auto industry. they say china unfairly subsidizes local autoparts makers and restricts exports of crucial raw materials. it comes ahead of a visit by the vice president in two weeks who is expected to...
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Sep 7, 2012
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john, your reaction to president obama's speech last night. was he able to follow up on the success or perceived success of the speeches that came before him? >> reporter: well, we'll find out from the polls in the next few days how effective it was. what the president was trying to do was come to terms with voters disappointed in the lack of pace of progress in this first four years of his administration. so, he appealed for patience, as you said a moment ago, talked about staying the course, defended a role for government, which is something that his republican opposition is going right at. basically saying the problem with obama's policies is too much government, too much debt. obama saying, we need a balanced plan and a balanced plan includes two things. one, higher tax revenue from people at the top. two, a role for government in fostering economic progress through education, through science, through innovation. that's the choice that he was framing for the american people, trying to reach both undecided voters and also rekindle some of t
john, your reaction to president obama's speech last night. was he able to follow up on the success or perceived success of the speeches that came before him? >> reporter: well, we'll find out from the polls in the next few days how effective it was. what the president was trying to do was come to terms with voters disappointed in the lack of pace of progress in this first four years of his administration. so, he appealed for patience, as you said a moment ago, talked about staying the...
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Dec 20, 2012
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president obama is threatening a veto. >>> the boj will discuss raising its inflation target next month. >>> a major market merger is in the works. reports say the intercontinental exchange is in talks to buy nyse euro nex for about $8 billion. >>> futures are trying to alley this morning. take fair value into account. the dow jones industrial average is trying to raise about $14 billion from the open. european markets started out weaker than we climbed back towards unchanged. now they're weaker again. the ibex, 35 among the underperformers there. it, of course, had been leading the rally. the ftse 1100 is trying to buck the trend, this despite the fact that it released a set of relatively weak resail sales figures for november. in the u.s., house republicans and tensions over the fiscal cliff continue to rise. it's unknown what plan b looks like. house speaker john boehner has reportedly adding spending cuts. president obama says he'll veto the bill which will raise tax rates for those making more than $1 million a year. the president says house republicans should stop trying to score
president obama is threatening a veto. >>> the boj will discuss raising its inflation target next month. >>> a major market merger is in the works. reports say the intercontinental exchange is in talks to buy nyse euro nex for about $8 billion. >>> futures are trying to alley this morning. take fair value into account. the dow jones industrial average is trying to raise about $14 billion from the open. european markets started out weaker than we climbed back towards...
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Dec 5, 2012
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meanwhile, president obama speaks to the business council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, which includes higher tax rates for the wealthy. house republicans are meeting with small business owners today as lawmakers are divided on how much they should compromise. we have the latest on the standoff in washington. >> good morning, guys. speaker of the house john boehner's new problem for the rest of this week is figuring out how to continue negotiations with the white house without losing his conservative base of support up on capitol hill. yesterday we saw senator jim demint go a little bit wobbly on the speaker of the house saying that the speaker had proposed an $800 billion tax increase that was going to damage the u.s. economy. now, interestingly enough, senator mitch mcconnell, the republican leader in the united states senate, said that he wasn't all that bothered by the republican house proposal. take a listen to what mcconnell said. >> i think it's important that the house republican leadership is trying to move the proces
meanwhile, president obama speaks to the business council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, which includes higher tax rates for the wealthy. house republicans are meeting with small business owners today as lawmakers are divided on how much they should compromise. we have the latest on the standoff in washington. >> good morning, guys. speaker of the house john boehner's new problem for the rest of this week is figuring out how to...
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Aug 22, 2012
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"squawk box" is next. >>> good morning, everybody. profits in dell dip as investors punish the stock. >>> candidate romney catching up with president obama in the latest wall street journal/nbc poll but it's a race to the bottom for congress. >>> and tropical storm isaac may crash the gop convention. steve liesman and scott wapner are here to get us through today. "squawk box" begins right now. >>> good morning. let's brin
"squawk box" is next. >>> good morning, everybody. profits in dell dip as investors punish the stock. >>> candidate romney catching up with president obama in the latest wall street journal/nbc poll but it's a race to the bottom for congress. >>> and tropical storm isaac may crash the gop convention. steve liesman and scott wapner are here to get us through today. "squawk box" begins right now. >>> good morning. let's brin
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Jan 30, 2012
01/12
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you should worry about next year and the year after. >> you're buying the euro not because you think the eurozone will improve but because the prospects for the u.s. look dim, is that it? >> the prospects for the u.s. look better, is what i'm saying. >> when do you start buying the u.s. dollar? >> i have owned the u.s. dollar for a while and i own the euro. everybody has a big stake in getting through the elections. the whole world does. somehow or another they want to fool all of us saps, get us through the elections, and then they'll say we'll worry about those next year. we're the saps. >> jim rogers says he's a sap. that's another quote. we have plenty coming through in the e-mails. we'll get through some of them. >>> still ahead, one of the more interesting political stories today, france's president sarkozy is to get the help of merkel on his campaign trail. we'll discuss the details next. >>> welcome back. you're watching "worldwide exchange." and it's time for your global markets report. let's start with the u.s. markets and see how our markets are likely to open as we get re
you should worry about next year and the year after. >> you're buying the euro not because you think the eurozone will improve but because the prospects for the u.s. look dim, is that it? >> the prospects for the u.s. look better, is what i'm saying. >> when do you start buying the u.s. dollar? >> i have owned the u.s. dollar for a while and i own the euro. everybody has a big stake in getting through the elections. the whole world does. somehow or another they want to...